SINGAPORE (Sept 8): OCBC Investment Research is keeping City Developments Limited (CDL) on “buy” with an unchanged fair value estimate of $9.89 following the property developer’s RMB100 million ($20.4 million) investment in mamahome, a Chinese online apartment rental platform.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $4.99/month*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

SUBSCRIBE NOW